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Nowadays e-money is extensively used as a payment method. Why is this? Is this a positive or negative development? v.1

Nowadays e-money is extensively used as a payment method. Why is this? Is this a positive or negative development? v. 1
The enormous development of financial technology in marketing system has taken over the conventional way of transaction to a new method called e-money. As projected, this condition occurs because of the rapid development of technology along with continual innovation requiring people to be more adaptable to this change. I second to this development regarding to easier access that e-money provides, making it more beneficial in term of transaction activities. First and foremost, globalization era has brought extensive development that people have never expected before; specifically, technology. As the world is getting modernized, research on finding more convenient ways in financial transaction is now being highly demanded by several nations. For instance, since the government has announced the use of electronic money as the substitute for notes, a great number of companies conduct the commercial activity by improving their system to provide a better service. One of the most popular methods that economic industries introduced is the use of virtual money and electronic wallet, such as OVO, Go-Pay, and Dana in Indonesia helping the society lift their obstacles in making payment. Therefore, the exposure of a new financial system which is experienced by society has tremendously changed the way they deal with the new payment method in the marketing system. In addition, the detrimental effect of financial technology development has brought positive influences to society, making them to be an efficient buyer. To illustrate this, a great number of new start-up companies using virtual account and wallet, such as Go-Jek company in Indonesia and Grab in Malaysia, has become popular and preferable since those companies implement more convenient transactions. Moreover, the new transfer method used by start-up has rapidly increased the efficiency of the buyers when they want to pay an order after buying something. If in the past the consumer put much effort to complete their payment by going to the Bank or ATM, now people only need to do it less than 10 minutes, because the payout can be done online and just requires enough balance in the virtual account used to complete it. Thus, due to the easy access people can get from financial technology such as e-money and e-wallet, people nowadays can save their time more then they used to have in the previous time. In conclusion, it seems to me that people who have experienced the advantages in doing online payment method feel that the positive development carried by the innovation in technology, has helped them to be more efficient as a buyer
The enormous
development
of
financial
technology
in marketing system has taken over the conventional way of
transaction
to a
new
method
called e-money. As projected, this condition occurs
because
of the rapid
development
of
technology
along with continual innovation requiring
people
to be more adaptable to this
change
. I second to this
development
regarding to
easier access that e-money provides, making it more beneficial in term of
transaction
activities.

First
and foremost, globalization era has brought extensive
development
that
people
have never
expected
before
;
specifically
,
technology
. As the world is getting modernized, research on finding more convenient ways in
financial
transaction
is
now
being
highly
demanded by several nations.
For instance
, since the
government
has announced the
use
of electronic money as the substitute for notes, a great number of
companies
conduct the commercial activity by improving their system to provide a better service. One of the most popular
methods
that economic industries introduced is the
use
of virtual money and electronic wallet, such as
OVO
, Go-Pay, and Dana in Indonesia helping the society lift their obstacles in making
payment
.
Therefore
, the exposure of a
new
financial
system which
is experienced
by society has
tremendously
changed
the way they deal with the
new
payment
method
in the marketing system.

In addition
, the detrimental effect of
financial
technology
development
has brought
positive
influences to society, making them to be an efficient buyer. To illustrate this, a great number of
new
start
-up
companies
using virtual account and wallet, such as
Go-Jek
company
in Indonesia and Grab in Malaysia, has become popular and preferable since those
companies
implement more convenient
transactions
.
Moreover
, the
new
transfer
method
used
by
start
-up has
rapidly
increased the efficiency of the buyers when they want to pay an order after buying something. If in the past the consumer put much effort to complete their
payment
by going to the Bank or ATM,
now
people
only
need to do it less than 10 minutes,
because
the payout can
be done
online and
just
requires
enough
balance in the virtual account
used
to complete it.
Thus
, due to the easy access
people
can
get
from
financial
technology
such as e-money and e-wallet,
people
nowadays can save their time more
then
they
used
to have in the previous time.

In conclusion
, it seems to me that
people
who have experienced the advantages in doing online
payment
method
feel that the
positive
development
carried by the innovation in
technology
, has
helped
them to be more efficient as a buyer
8Linking words, meeting the goal of 7 or more
45Repeated words, meeting the goal of 3 or fewer
4Mistakes

IELTS essay Nowadays e-money is extensively used as a payment method. Why is this? Is this a positive or negative development? v. 1

Essay
  American English
4 paragraphs
416 words
6.5
Overall Band Score
Coherence and Cohesion: 5.5
  • Structure your answers in logical paragraphs
  • ?
    One main idea per paragraph
  • Include an introduction and conclusion
  • Support main points with an explanation and then an example
  • Use cohesive linking words accurately and appropriately
  • Vary your linking phrases using synonyms
Lexical Resource: 5.0
  • Try to vary your vocabulary using accurate synonyms
  • Use less common question specific words that accurately convey meaning
  • Check your work for spelling and word formation mistakes
Grammatical Range: 6.5
  • Use a variety of complex and simple sentences
  • Check your writing for errors
Task Achievement: 6.0
  • Answer all parts of the question
  • ?
    Present relevant ideas
  • Fully explain these ideas
  • Support ideas with relevant, specific examples
Labels Descriptions
  • ?
    Currently is not available
  • Meet the criteria
  • Doesn't meet the criteria
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